Punjab Communications Ltd

Punjab Commun. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Punjab Communications Ltd

₹ 53.8 2.71%
19 Apr 2:28 p.m.
puncom.com BSE: 500346
About

Incorporated in 1981, Punjab Communications Ltd (Puncom) is in the business of manufacturing of telecom product[1]

Key Points

History[1]
Co. was established in 1981 and promoted by the Punjab Govt. for enhancing the Electronics and Telecommunication industry in the region and got listed on Oct 1994. The co. has broadened its customer and product base through tie-ups with foreign companies including Huawei Technologies of China for the supply of DWDM equipment. Simultaneously, to improve the bottom line, the company went about developing its core markets of railways and power sector with its own products.

Website BSE
  • Market Cap ₹ 64.7 Cr.
  • Current Price ₹ 53.8
  • High / Low ₹ 69.0 / 27.0
  • Stock P/E
  • Book Value ₹ 12.5
  • Dividend Yield 0.00 %
  • ROCE -32.6 %
  • ROE -32.8 %
  • Face Value ₹ 10.0
Edit ratios

Pros

  • Company is almost debt free.

Cons

  • Stock is trading at 4.23 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -22.5% over past five years.
  • Company has a low return on equity of -27.6% over last 3 years.
  • Contingent liabilities of Rs.51.9 Cr.
  • Company has high debtors of 352 days.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Telecomm Equipment & Infra Services Industry: Telecommunications - Equipment

Edit Columns
Loading peers table ...

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
6.37 7.19 3.11 3.63 1.47 2.56 1.62 3.28 2.35 3.35 3.13 2.92 3.12
10.97 11.25 8.13 8.66 7.26 7.53 7.84 7.64 6.00 5.58 5.46 5.11 5.55
Operating Profit -4.60 -4.06 -5.02 -5.03 -5.79 -4.97 -6.22 -4.36 -3.65 -2.23 -2.33 -2.19 -2.43
OPM % -72.21% -56.47% -161.41% -138.57% -393.88% -194.14% -383.95% -132.93% -155.32% -66.57% -74.44% -75.00% -77.88%
2.08 2.13 1.95 1.95 2.05 1.94 1.91 -5.11 1.84 2.45 -0.71 1.84 1.59
Interest 0.00 0.01 0.00 0.01 0.00 0.00 0.00 0.01 0.00 0.02 0.01 0.00 0.47
Depreciation 0.09 0.09 0.06 0.09 0.07 0.07 0.06 0.06 0.07 0.05 0.05 0.05 0.05
Profit before tax -2.61 -2.03 -3.13 -3.18 -3.81 -3.10 -4.37 -9.54 -1.88 0.15 -3.10 -0.40 -1.36
Tax % 0.00% 0.00% 0.00% 22.96% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
-2.60 -2.03 -3.13 -2.44 -3.82 -3.10 -4.36 -9.53 -1.88 0.15 -3.10 -0.40 -1.36
EPS in Rs -2.16 -1.69 -2.60 -2.03 -3.18 -2.58 -3.63 -7.93 -1.56 0.12 -2.58 -0.33 -1.13
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
21.55 22.03 19.57 21.01 20.16 27.96 37.91 44.66 27.60 20.58 10.76 10.59 12.52
31.33 33.74 36.60 39.09 39.25 42.72 50.82 55.94 47.53 40.57 31.57 27.07 21.70
Operating Profit -9.78 -11.71 -17.03 -18.08 -19.09 -14.76 -12.91 -11.28 -19.93 -19.99 -20.81 -16.48 -9.18
OPM % -45.38% -53.15% -87.02% -86.05% -94.69% -52.79% -34.05% -25.26% -72.21% -97.13% -193.40% -155.62% -73.32%
11.67 15.52 11.37 8.36 8.93 9.06 8.80 9.46 9.01 8.48 7.91 1.13 5.17
Interest 0.18 0.10 0.13 0.15 0.09 0.06 0.11 0.34 0.07 0.04 0.03 0.04 0.50
Depreciation 0.70 0.60 0.52 0.39 0.22 0.53 0.61 0.55 0.44 0.35 0.29 0.23 0.20
Profit before tax 1.01 3.11 -6.31 -10.26 -10.47 -6.29 -4.83 -2.71 -11.43 -11.90 -13.22 -15.62 -4.71
Tax % 27.72% 3.54% -8.56% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 5.52% 0.00%
0.74 3.00 -6.85 -10.26 -10.48 -6.29 -4.83 -2.70 -11.43 -11.90 -12.49 -15.62 -4.71
EPS in Rs 0.62 2.50 -5.70 -8.53 -8.72 -5.23 -4.02 -2.25 -9.51 -9.90 -10.39 -12.99 -3.92
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: -7%
5 Years: -23%
3 Years: -27%
TTM: 28%
Compounded Profit Growth
10 Years: %
5 Years: -27%
3 Years: 7%
TTM: 82%
Stock Price CAGR
10 Years: -3%
5 Years: 25%
3 Years: 31%
1 Year: 78%
Return on Equity
10 Years: -12%
5 Years: -18%
3 Years: -28%
Last Year: -33%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 12.05 12.05 12.05 12.05 12.05 12.05 12.05 12.05 12.05 12.05 12.05 12.05 12.05
Reserves 97.24 100.24 92.33 82.07 71.59 65.35 61.53 58.58 46.22 35.08 22.36 6.59 3.02
0.02 0.00 1.02 0.00 0.00 0.50 1.89 0.00 0.39 0.00 0.00 0.00 0.00
137.64 46.76 43.91 42.56 52.63 58.15 57.90 77.33 76.27 76.83 77.22 74.65 59.28
Total Liabilities 246.95 159.05 149.31 136.68 136.27 136.05 133.37 147.96 134.93 123.96 111.63 93.29 74.35
5.44 4.98 4.50 4.19 5.66 5.66 5.65 5.32 4.97 4.63 4.12 3.89 3.80
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 1.16 1.23 0.00 0.00 6.99 6.99 6.99 6.99 6.99 6.99 6.99 6.99 6.99
240.35 152.84 144.81 132.49 123.62 123.40 120.73 135.65 122.97 112.34 100.52 82.41 63.56
Total Assets 246.95 159.05 149.31 136.68 136.27 136.05 133.37 147.96 134.93 123.96 111.63 93.29 74.35

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-8.15 -12.61 0.00 -16.56 -0.86 -12.03 -13.83 -4.93 -10.34 -4.78 -15.11 -22.97
10.35 11.66 0.00 18.79 1.38 10.41 15.75 4.00 14.22 5.90 8.64 23.08
-0.10 -0.09 0.00 -1.14 -0.07 0.45 1.29 -2.21 0.33 -0.42 3.88 -0.04
Net Cash Flow 2.10 -1.04 0.00 1.10 0.44 -1.17 3.21 -3.13 4.21 0.70 -2.59 0.08

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 265.75 336.01 324.71 292.03 261.26 201.17 182.45 226.96 321.09 323.50 353.81 352.25
Inventory Days 560.76 547.65 737.56 723.93 723.92 697.89 480.62 407.15 538.64 629.67 2,113.82 1,268.59
Days Payable 3,580.02 738.46 763.12 553.25 568.95 478.95 316.73 297.62 381.05 537.64 1,645.34 1,098.87
Cash Conversion Cycle -2,753.52 145.19 299.16 462.71 416.22 420.12 346.34 336.49 478.69 415.53 822.28 521.96
Working Capital Days 185.46 252.67 423.38 361.70 203.86 120.36 110.82 38.25 -34.52 -257.88 -752.73 -840.98
ROCE % 1.10% 0.45% -5.68% -8.45% -11.26% -7.84% -6.18% -3.24% -17.57% -22.42% -32.38% -32.61%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
71.28% 71.28% 71.28% 71.28% 71.28% 71.28% 71.28% 71.28% 71.28% 71.28% 71.28% 71.28%
4.78% 4.78% 4.78% 4.78% 4.78% 4.78% 4.78% 4.78% 4.78% 4.78% 4.78% 4.78%
0.25% 0.25% 0.25% 0.25% 0.25% 0.25% 0.25% 0.25% 0.25% 0.25% 0.25% 0.02%
0.00% 0.00% 0.00% 0.01% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
23.69% 23.69% 23.69% 23.68% 23.69% 23.68% 23.68% 23.69% 23.69% 23.68% 23.68% 23.92%
No. of Shareholders 10,51410,34910,30710,17210,09810,06010,06710,0239,9729,8689,8009,841

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Announcements

Annual reports